3rd Annual Private Equity Latin America Forum

The Connecticut Technology Council has partnered with the Latin Markets to bring you the 3rd Annual Private Equity Latin America Forum. This forum will gather more than 400 investors, funds, and advisers to a two day meeting where discussions will focus on sectors, due diligence, and private equity investment opportunities abroad.

Keynote Conversations Include:Latin America

  • “Examining the Global Political Landscape”
  • “Evaluating Latin American Private Equity Opportunities  in Today’s Market”
  • “Examining Long Term Fundraising Strategies in Latin America”
  • “Examining the Private Equity Landscape”
  • “A Global Overview of Opportunities in Technology”

Panel Presentations Include:

  • “Opportunities in Global Private Equity”
  • “The current and Future State of Latin American Private Equity”
  • “Energy & Infrastructure in Latin America”
  • “Legal Developments & Fund formation in Latin America”
  • “Pension & Sovereign Wealth Investor Roundtable”
  • “The Dynamics of Minority vs. Control Investments in Latin America”
  • “Agriculture & Timberland Investments”
  • “Foundation & Endowment Roundtable”
  • “Asia & Middle East Investor Roundtable”
  • “Sourcing Investments, Assessing Risk & Adding Value”
  • “Real Estate Private Equity”
  • “Brazilian Pension Roundtable”
  • “From Venture to Middle Market Investments”
  • “New Frontiers in Latin American Private Equity”
  • “Global Fund Manager Selection and Monitoring”
  • “Mexico, Central American & Caribbean Limited Partner Roundtable”

When: May 19 & 20 | 7:30am – 6:00pm
Where: New York City, NY
Cost: CVG members receive a 20% discount when using this discount code – CVG20


Learn More | Register

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Mobile Summit Recap

The first annual Connecticut Mobile Summit, which was hosted by AT&T Connecticut, was a successful gathering of mobile moguls from all over Connecticut. Keynote speaker William Davidson, Senior Vice President at Qualcomm, came from California to speak about the wonderful disruptive nature that is mobile and where he projects the industry will be headed in the very near summit recap1

It was a good call on Davidson’s end to precede his presentation with a request that the audience remain open-minded through the entire presentation, “At some point I will cross over that ‘creepy’ line. Bear with me, there is comfort at the end.” Davidson proceeded to explain what the future in mobile could look like when augmented reality gains more momentum. An augmented realty that would literally make the world “clickable.” While some advancements in mobile technology may have seemed far-fetched or potentially “crossing the line,” of intrusiveness, Davidson delivered a a powerful, convincing and passionate presentation that enabled the audience to see the true value, not only in augmented reality, but in mobile advancement as a whole.

Later, a panel comprised of four Connecticut based mobile entrepreneurs took the stage to discuss some of the challenges, strategies, and investment opportunities involved in breaking into the mobile market. The panel, which was moderated by Brenda Lewis, Principal at Transactions Marketing Inc., included Carissa Ganelli, Founder & CEO of LightningBuy, Drue Hontz, Founder & President of KAZARK, Inc., John Nobile, Founder & President of Tangen Biosciences, and Nadav Ullman, Founder & CEO of Dashride.

Attendees of the first annual Connecticut Mobile Summit enjoyed networking before and after the event as well as intermission refreshments and a boxed lunch upon event conclusion.

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More about this event | Event Photos

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TIP Companies Win Big in Funding

TIP company Amastan raises $5.5M in Venture Funding

Amastan LLC, a company focused on the development, commercialization and implementation of high technology solutions centered on plasma technologies, announced that it has secured an investment of $5.5 million from Launch Capital, LLC and Dominick Pagano, a local angel investor. The funding will occur in three stages as the company achieves certain milestones.

While the applications of these technologies are diverse, Amastan focuses its activities on the processing and spheroidization of high-end nanomaterials and  thermal spray coating materials, and the production of high-end, contamination-free crystalline and amorphous nanomaterials for applications such as optics, missile domes, solid oxide fuel cells and armored windows, according to Dr. Kamal Hadidi, Founder & CTO. Dominick Pagano will act as the company’s CEO and Konstantine Drakonakis from Launch Capital will be the Chairman of the Board.

UConn’s Technology Incubation Program (TIP) helps bring ideas and companies forward. TIP offers technical capacity and R&D space to accelerate the successful development of fledging technology comanies, providing entrepreneurs with an array of targeted university resources and business services. A key goal of TIP is to support and build research partnerships between industry and academic partners as occurred in he case of Amastan LLC and The University of Connecticut.

Company relocates to CT, TIP, Gets $350K in CI Funding

New TIP company, Avitus Orthpaedics (formerly BOSS Medical) has raised $350,000 from Connecticut Innovations to complete its product manufacturing process and prepare filings for U.S. Food and Drug Administration (FDA) clearance.

The company which recently relocated from Maryland and the Johns Hopkins University to join the TIP, will also use some of its new CI funds to develop marketing initiatives to support its pilot sales.

Avitus is developing a minimally-invasive bone graft harvesting device that provides surgeons with an intuitive, safe, and efficient way to harvest bone grafts.

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JOBS Act and How Alternative Asset Managers are Responding

Jumpstart Our Business Startups Act (JOBS) has been met with some resistance among asset managers. Not only does  JOBS affect the marketing activities of investment managers but it also allows firms to advertise and solicit on their websites. This allows the firms to showcase their funds to a large number of potential investors. Why are fund managers on the fence? Preqin conducted a study to unearth the answer to that exact question through interviewing more than 150 alternative investment fund managers. Here is what they uncovered: Preqin report

  • 55% of US-based private equity managers feel that the Act will have no significant impact on the industry.
  • Many managers believe their audience can be better reached through traditional methods of connecting and building a relationship than through mass marketing.
  • Large fund managers fell that advertising is not worthwhile, they already attract investors through other means
  • Small fund managers find advertising to be daunting
  • Managers who are willing to advertise feel it would open themselves up to further scrutiny from regulators.
  • A majority of managers state they have no plans to market their funds under the JOBS act.
  • 77% of private equity fund managers and 63% of hedge fund managers state they will never market under JOBS Act.
  • 21% of hedge fund managers state they do not want to be the first to market with this advertising

At the time being feelings toward the  JOBS Act are skeptical, however attitudes could shift in the near future  as asset managers make that brave first move become pioneers in asset advertisement and solicitation.

Read the complete report here.

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Medical Devices Recap – CVG Second Thursday

In March, Crossroads Venture Group partnered with CURE to bring Healthcare Medical Devices, a Second Thursday Event, to the North Haven area. hmd1

At this event a panel of experts including Margaret Cartiera, Director at Connecticut Innovations, Glenn Gibbons, Senior Director at Covidien, and Bas Nabulsi, Partner at McCarter English, discussed the current topics impacting the challenges and strategies of medical device companies in 2014. Cartiera, Gibbons, and Nabulsi explained how investors are evaluating opportunities and where they see significant trends in the industry heading. After the presentation the moderator opened the floor for questions from the audience.

Click here to watch the panel.

During the networking reception guests gathered around exhibiting companies such as NovaTract Surgical, Presymtec Medical, and Dura Biotech.

A special thank you goes out to Covidien for hosting this event and to BEACON, our supporting sponsor.

Thank you to our program chairs:

Peter Hicks, Vice President Sponsor and Specialty Finance; Emerging Technology Finance, Webster Bank
Rohit Sharma, Director, Finance and Innovation Programs; Economic Development Corporation of New Haven
Susan Froshauer, President and CEO at Connecticut United for Research Excellence (CURE)

Click here to view more event images 


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Connecticut Innovations Invests $500,000 in P2 Science Inc.

Connecticut Innovations has invested $500,000 in P2 Science out of New Haven. P2 Science uses a unique process to convert materials such as biomass, di-acids, and aldehydes for use in food flavoring, fragences and cosmetics. 

The following is a press release from Connecticut Innovations:

Connecticut Innovations (CI), an organization that helps Connecticut businesses grow through creative financing and strategic assistance—and is the sixth most active early-stage investor nationwide—today announced it has made a $500,000 investment in P2 Science Inc. of New Haven, Conn., through its Eli Whitney Equity Fund. This investment was part of a $1 million Series A funding round also involving Elm Street Ventures.

“We are very encouraged by the progress P2 Science has made in advancing partnership discussions with several leading companies in the flavor and fragrance (F&F) and cosmetics industries,” said Claire Leonardi, chief executive officer of CI. “Additionally, we are delighted that P2 Science is now operating its new pilot reactor and is gearing up for larger scale production in Connecticut – activities that should lead to new job opportunities as product sales commence and grow.”

 P2 Science is a specialty chemical company dedicated to producing high-value, high-margin consumer and industrial product ingredients from biomass. In addition to new proprietary ingredients, the company’s products will include vegetable-based equivalents of chemical ingredients previously only available from petrochemical sources and will be suitable for direct substitution for such ingredients in customer products. Because they will be derived from soy, canola, palm and other oils, as well as wood, grass and other plant-based feedstocks, P2 Science’s products will meet the growing demand for renewable alternatives.

“We greatly appreciate the support of Connecticut Innovations. This investment enables us to secure the additional partner and customer commitments needed for us to get to market with innovative and value-added specialty chemicals,” said Neil Burns, P2 Science’s chief executive officer.

The company’s core refining steps use a P2 Science proprietary process known as hybrid ozonolysis (HO) to convert biomass into aldehydes for use in fragrances and flavors, di-acids for use in cosmetics and polymers, and derivatives of aldehydes, such as alcohols, esters and surfactants, for use in cosmetics, personal care products and lubricants. P2 Science’s HO process advances existing technology by improving efficiency, safety and end-product diversity. P2 Science has licensed some of its intellectual property from Yale University and has established collaborative relationships with industry leaders.

The company has begun manufacturing product ingredients using a pilot reactor installed at its lab in Science Park and is in discussions with several prospective customers and partners in the F&F and cosmetics industries. P2 Science also continues its research to diversify the products it can offer using a variety of feedstocks.

In 2013, CI provided P2 Science with a $500,000 seed investment and earlier provided pre-seed funding.

CI managing director of investments Daniel Wagner serves on P2 Science’s board of directors.

About Connecticut Innovations Inc.
Connecticut Innovations (CI) is the leading source of financing and ongoing support for Connecticut’s innovative, growing companies. To maximize the growth potential of each business, CI tailors its solutions and often combines its funds with resources from other financial leaders to provide venture capital and strategic support for early-stage technology companies; flexible loans for established companies with new innovations; grants that support innovation and collaboration; and connections to its well-established network of partners and professionals. Through all these initiatives, CI has helped bring $4 billion in financing to Connecticut companies. The state’s most active early-stage investor, and the sixth most active angel/seed investor nationwide, CI has created more than 26,000 Connecticut jobs. For more information on CI, visit

About P2 Science Inc.
P2 Science is actively developing customer and partner relationships in the fields of flavor and fragrance ingredients, cosmetics, lubricants, polymers and surfactants. For more information on P2 Science, please visit


Visit Connecticut Innovations website for the original article and more news.

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Northeast Consumer Conference

The northeast’s signature conference focused on early stage and middle market consumer-facing companies once again came to Stamford, CT on April 3rd .

Along with the Connecticut Chapter for the Association for Corporate Growth and the Connecticut Technology Council, we present this event to give local consumer products companies exposure, and connections to the right individuals and partners they need to succeed in the middle market.

The day began with a talk from Mike McMahon, President of Spire, a datalogix company.  His company provides shopper data and targeting marketing to retailers and manufacturers.  His insightful talk was on the topic of “The Future of Consumer Marketing.”


An expert-led panel then reviewed the state of the capital markets and share strategies for consumer marketing in a digital world. Participants in the “Raising Capital in Today’s Environment” panel were:

Richard Baum, Managing Partner, Consumer Growth, Partners
Christopher Bradley, Principal, Mistral Equity Partners
Tom Hayes, Managing Partner & Principal, New England Consulting Group
Moderated by Ramsey Goodrich, Managing Director, Carter Morse & Mathias


Exhibiting companies included:

Cissé Trading Company
Crossroads Venture Group
Healthy Brands
Hooker brewery
Frog City Fuel
Local Yokel
Kat Burki
NY Graphic Society
Local Yokel
Miami Bay Beverage Company
Robinson & Cole
Zero Order LLC


Check out more photos here!

ACG Consumer Product Conference

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Angel Investor Forum at the Soundview Club

An Angel Investor Forum meeting will be held at The Soundview Club on April 30 from 11:45 am until 1:30 pm. We suggest you arrive early to register and provide the AIF_Logonecessary Accredited Investor form before the luncheon begins.

The Angel Investment Forum (AIF) was founded in 2004 and Members of this organization invest their time, money and talent in supporting companies with solid business models and growth potential.  AIF Members provide the capital required for these growing companies.

*All AIF members are welcome.  Non-members who are Accredited Investors may also attend and will need to provide an Accredited Investor form. Since the presenters will be making presentations for the purpose of potentially raising money, those in attendance will need to be Accredited Investors. 

Presenting Companies:
Intermingl a mobile platform for capturing & maximizing social capital at events and meetings.
Why ScienceCloud-based custom built learning system, with Learning Modules for grade 5-12 in STEM subjects.
April 30 | 11:45am – 1:30pm
Lunch will be served
Thirty-dollars per person
Soundview Club | 243 Tresser Blvd, Stamford CT 06901
Parking tickets from the garage will be validated 

RSVP now 

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MediaCrossing featured in The Wall Street Journal

Congratulations to MediaCrossing on being featured in The Wall Street Journal! 

The article profiles MediaCrossing’s co-founder and CTO Ted Yang and describes how MediaCrossing is bringing Wall Street best practices to digital media by building a world-class managed service platform that provides easy, effective and efficient advertising solutions to publishers, advertisers and agencies.

Read the full article


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Sponsor Profile: TriNet


TriNet provides small to mid-sized businesses with an HR solution so they can free themselves from the complexities of HR and focus on their goals. As their trusted HR business partner, TriNet assumes many of the responsibilities of being an employer and helps these companies contain HR costs, minimize employer-related risk, and relieve the administrative burden of HR. TriNet offers bundled HR products, along with additional software and strategic services, resulting in a comprehensive and empowering solution.


TriNet Quick Facts

  • Founded in 1988
  • Headquartered in San Leandro, CA
  • Services more than 8,900 clients, employing 230,000 people (as of 12/31/13)
  • Manages more than $17 billion in payroll and insurance premiums a year (as of 12/31/13)
  • Provides bundled HR products, along with additional software and strategic services
  • Delivers solutions tailored by industry


  • Human Resource Outsourcing
  • PEO
  • HR Outsourcing
  • Human Capital Consulting
  • Recruiting
  • Human Capital Management
  • HR strategy
  • Payroll
  • Benefits
  • Professional Employer Organization

Visit them online to know more!

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